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Embracer Says Restructure Is Over, and They’re Not Going to Acquire New Companies for Now

NewsTech

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Embracer Group

Following the sales of Saber Interactive (to a new company founded by Saber CEO Matthew Karch) and Gearbox Software (to Take-Two), the Embracer Group held an investors call to confirm the end of its dreaded restructuring program. As you might remember, it all started when a $2 billion 'transformative' licensing deal (reportedly with the Savvy Games Group) fell through at the last minute, causing the Embracer Group stock to crash and forcing the company into a restructuring program that caused the closure of various studios (chiefly Volition), widespread layoffs, and the aforementioned sales. In the investors call that directly followed […]

Read full article at https://wccftech.com/embracer-says-restructure-is-over-and-theyre-not-going-to-acquire-new-companies-for-now/

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